Polar Capital Technology Trust (PCT)

Sector:

Investment Firms

Index:

FTSE 250

1,410.00p
   
  • Change Today:
    -12.00p
  • 52 Week High: 1,500.00p
  • 52 Week Low: 1,066.00p
  • Currency: UK Pounds
  • Shares Issued: 133.82m
  • Volume: 139,419
  • Market Cap: £1,886.93m
  • RiskGrade: 88
  • Beta: 0.17

Polar Capital sees asset growth despite China slowdown

By Josh White

Date: Tuesday 08 Dec 2015

LONDON (ShareCast) - (ShareCast News) - Positivity was still ringing at Polar Capital Technology Trust on Tuesday morning, although returns were down markedly.
In its half year report, the FTSE 250-listed investment firm showed total unaudited return for the six months to 31 October of £11.63m. That was down markedly on £117.54m at the same time last year.

Net assets were up, however, to £799.72m (from £719.84m last year).

"Our total return performance came in ahead of our benchmark, with the net asset value per share rising 0.8% during the first half versus a 1.0% decline for the sterling adjusted benchmark", said Polar Capital investment manager Ben Rogoff.

Polar Capital reported Amazon as being the most significant contributor to the asset growth, advancing 46% during the period.

The firm said other internet holdings such as Alphabet (formerly Google) and Facebook played a supporting role to Seattle's golden child of e-commerce, with the gaming sector also lending a hand.

"Companies such as Activision, Electronic Arts and Ubisoft all delivered strong absolute and relative performance aided by next-generation console adoption and an increasing mix of margin-rich digital content", Rogoff added.

Polar Capital remained bullish about its prospects going forward, although China remained a sore spot given the summer crash and continued slow growth.

"If China holds together, 2016 should see EM growth reaccelerate, driven by India and "partial normalization" of a number of commodity-sensitive economies in distress this year", Rogoff said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PCT Market Data

Currency UK Pounds
Share Price 1,410.00p
Change Today -12.00p
% Change -0.84 %
52 Week High 1,500.00p
52 Week Low 1,066.00p
Volume 139,419
Shares Issued 133.82m
Market Cap £1,886.93m
Beta 0.17
RiskGrade 88

PCT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.04% above the market average14.04% above the market average14.04% above the market average14.04% above the market average14.04% above the market average
10.06% above the sector average10.06% above the sector average10.06% above the sector average10.06% above the sector average10.06% above the sector average
Price Trend
78.57% above the market average78.57% above the market average78.57% above the market average78.57% above the market average78.57% above the market average
90.91% above the sector average90.91% above the sector average90.91% above the sector average90.91% above the sector average90.91% above the sector average
Income Not Available
Growth
29.10% above the market average29.10% above the market average29.10% above the market average29.10% above the market average29.10% above the market average
23.89% above the sector average23.89% above the sector average23.89% above the sector average23.89% above the sector average23.89% above the sector average

PCT Dividends

No dividends found

Trades for 18-Oct-2019

Time Volume / Share Price
16:35 35,649 @ 1,410.00p
16:28 2 @ 1,408.00p
16:28 110 @ 1,408.00p
16:27 1 @ 1,410.00p
16:27 69 @ 1,410.00p

PCT Key Personnel

Chair Michael Moule

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